New Record for San Francisco Bay Area Real Estate Prices

San Franciso real estate prices break records and home sale volumes reach third strongest month in more than 16 years. Here are some basic facts of the hot market:

• San Francisco median prices now $520,000 up 1.2% from July and up 16.3% over last August.
• 12,674 new and existing homes & condos sold in the nine-county region, down 1.5% from last month; up 1.5% from August 03.
• June of this year was highest ever with 14,104 sales.

Search San Francisco real estate listings and MLS.

It is interesting to see everything going on in various areas of California if you consider records in San Bernardino & San Francisco but lowest sales in 8 years in Orange County? We'll have to keep an eye on things.

California mortgage rates remain low and the bond market was way down yesterday breaking the floor of 4.16% down to 4.07% pushing mortgage rates lower. Today things picked up slightly but are still below 4.16%. This conditions still make an excellent opportunity for a mortgage refinance.

Thanks for Reading.
Jessie J. Beaudoin